Entopy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09158789

Entopy Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 December 2024

Entopy Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed Assets

Intangible assets	5	2,802	2,802
Tangible assets	6	11,857	7,989
		---------	---------
		14,659	10,791

Current Assets

Stocks		87,481	12,841
Debtors	7	82,230	54,148
Cash at bank and in hand		292,936	329,305
		----------	----------
		462,647	396,294

Creditors: amounts falling due within one year	8	71,697		25,211
		----------		----------
Net Current Assets			390,950	371,083
			----------	----------
Total Assets Less Current Liabilities			405,609	381,874

Creditors: amounts falling due after more than one year	9	8,776	19,074
		----------	----------
Net Assets		396,833	362,800
		----------	----------

Entopy Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and Reserves

Called up share capital	1,607	1,607
Share premium account	459,844	459,844
Profit and loss account	( 64,618)	( 98,651)
	----------	----------
Shareholders Funds	396,833	362,800
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

T Mills

Director

Company registration number: 09158789

Entopy Limited

Notes to the Financial Statements

Year Ended 31st December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cleveland House, Old Station Road, Newmarket, CM8 8QE, Suffolk.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	25% reducing balance
Fixtures, fittings & equipment	-	25% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

5. Intangible Assets

	Patents & Licences
	£
Cost
At 1st January 2024 and 31st December 2024	2,802
	-------
Amortisation
At 1st January 2024 and 31st December 2024	–
	-------
Carrying amount
At 31st December 2024	2,802
	-------
At 31st December 2023	2,802
	-------

6. Tangible Assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1st January 2024	27,516	7,359	34,875
Additions	–	6,704	6,704
	---------	---------	---------
At 31st December 2024	27,516	14,063	41,579
	---------	---------	---------
Depreciation
At 1st January 2024	23,585	3,301	26,886
Charge for the year	980	1,856	2,836
	---------	---------	---------
At 31st December 2024	24,565	5,157	29,722
	---------	---------	---------
Carrying amount
At 31st December 2024	2,951	8,906	11,857
	---------	---------	---------
At 31st December 2023	3,931	4,058	7,989
	---------	---------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	–	16,020
Other debtors	82,230	38,128
	---------	---------
	82,230	54,148
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,298	10,043
Trade creditors	5,895	2,253
Social security and other taxes	48,828	9,652
Other creditors	6,676	3,263
	---------	---------
	71,697	25,211
	---------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	8,776	19,074
	-------	---------